Word: developmental
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But according to many energy experts - including Steven Chu, Obama's Nobel Prize-winning Energy Secretary - the science isn't there yet. Significant basic research and development needs to happen before renewables can truly displace fossil fuels. And unlike at the time of the first Apollo project, the U.S. seems...
Much of that research would be done under the auspices of the Department of Energy, but Secretary Chu has seen his requests for more funding rebuffed by Congress. Chu wants to spend $280 million to create eight new research-and-development labs, staffed by scientists from a variety of areas...
As Chu, a newcomer to the capital, fights for money in Congress, there's a bigger battle brewing over the carbon cap-and-trade bill. Co-sponsored by Democratic lawmakers Henry Waxman and Edward Markey, the bill barely passed the House last month and will soon be taken up by...
But what if big foreign universities like Yale, MIT, Stanford, Columbia Business School and the London School of Economics could set up campus in India? India's new Minister for Human Resource Development, Kapil Sibal, wants to make that happen. Sibal intends to have new laws in place by next...
Well, cold cash money doesn't seem to be doing the trick too well either. On Tuesday, July 28, executives from firms such as Citigroup, JPMorgan Chase and Wells Fargo were invited to a meeting at the Treasury Department for a little pep talk about increasing the number of loan...